Post by
Magnum2 on Feb 18, 2022 12:38am
Mgmt lost momentum, now a little
desparation is starting to appear (volume/buying was very weak) with last two NRs as Spot Gold takes flight, meanwhile Spot Silver is still idling at best.
Looked like they would try to take a run at twenty cts a few weeks back (apparently the Big Iceberg at twenty cts did the momentum in), the sector is still all about selling into momentum, (guilty as charged, unloaded 850K+ shares of 1 Million once held).....moving onto a Zambian Copper play, earn in by Rio Tinto with V.MMA....Rio Tinto spending $51 Million USD$ to earn in 75%. Copper is not running away price wise, but the LME Copper inventory level is near the breaking level.
Still feel Silver is going to be strong going fwd, at some point, but plenty of time and names to reenter, I may be back into CMB in a large way at some point + NFLD has alot of speculation upside....assay delays are killing the sector momentum. CMB, still needs to cash up, lately alot of tough/bottom feeder financings that have surely surprised many within the Jr. mining space.
CMB, still a decent return, missed the bottom on the buy side, sold some a little early, but the money is in motion once again with MMA;)))
GLTA
DYODD
Comment by
Beverk on Mar 07, 2022 12:21pm
MMA.V seems to have lost momentum too....such a thin float with HUGE spreads is never good